Miniso extends gains on stock buyback plan

MINISO Holding

30/09/2022 17:42

** U.S.-listed shares of retailer Miniso Group  MNSO.N  rise
11% to $5.5 in afternoon trade, its highest single-day gain in
September
    ** MNSO said on Thursday its board had approved a new stock
repurchase program of up to $100 million over the next 12 months
through surplus cash on its balance sheet  urn:newsml:reuters.com:*:nPn4y79lna
    ** Hong Kong-listed shares of MNSO  9896.HK  ended 11.1% up
at HK$9.85 on Friday
    ** MNSO stock down 50.6% YTD in the U.S. as of the most
recent close
 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))